Peter Schiff has challenged President Trump to a debate about the US economy after the president verbally attacked him for speaking on the affordability crisis.
Despite the growing concern among Americans regarding inflation, President Trump has claimed that prices are falling and the economy is recovering. With this in mind, financial commentator Peter Schiff publicly challenged President Donald Trump on Saturday. This is coming after the president attacked him on Truth Social for appearing on Fox & Friends Weekend.
Peter Schiff continues online battle with Trump
The president’s attack on Peter Schiff was in response to his discussing the affordability crisis facing Americans during his morning television appearance on December 6, 2025. Trump posted on Truth Social, questioning why Fox & Friends would host Schiff. The president described Schiff as a “Trump-hating loser who has already proven to be wrong.”
Trump insisted that prices are substantially reducing and blamed former President Joe Biden for creating the affordability crisis. He claimed gasoline hit $1.99 per gallon in certain states and that other prices are almost all down. Hours later, Peter Schiff took to X, challenging Trump or his designee to a debate on the US economy and the effectiveness of his policies.
In another post, Schiff suggested Trump should change the name of his social media platform to “Lie Social,” considering his dislike for the truth. During his Fox & Friends appearance, Schiff also explained that the inflation rate is going to accelerate as Trump’s term progresses and that the policies continue to impact pricing.
Peter Schiff told the show’s host, Griff Jenkins, that Biden had a lot of help in causing the affordability crisis, including from Trump during his first term. Schiff stated that Trump is not fixing the problem but making it worse. The President has continued to dismiss concerns about affordability as a Democrat con job. During a cabinet meeting this week, the president said that the word affordability is a Democrat scam.
He argued that Democrats just say the word, but it doesn’t mean anything to anybody. However, Google search data shows that searches for affordability are up 110% compared to a year ago. Before his exchange with the President, Peter Schiff was in Dubai at Binance Blockchain Week, where he had a debate with Changpeng Zhao, known as CZ, the founder of Binance and Giggle Academy. The debate centered on Bitcoin versus tokenized gold as forms of money.
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